agribazaar
July 31, 2019
Sowing period: June to July
Harvesting period: December
Crop season: Kharif
Sowing period: October
Harvesting period: March
Crop season: Rabi
Key growing locations for Maize Kharif and Maize Rabi:
- Karnataka – Haveri, Shimoga, Davangere, Hassan, Chitradurga
- Andhra Pradesh – Kurnool, West Godavari
- Maharashtra – Nashik, Sangli, Jalgaon, Aurangabad, Buldhana, Jalana
- Madhya Pradesh – Chhindwara, Betul, Dhar, Khargone, Burhanpur, Badwani, Dindori
- Uttar Pradesh – Hardoi, Bahraich, Etah, Gonda, Kanpur, Farukhabad
- Bihar – Gulabbagh
Production trend and Stock position:
- The Directorate General of Foreign Trade (DGFT) permitted import of feed-grade Maize at a concessional import duty of 15 percent from 60 percent with a view to meet the shortage of poultry feed in the country. The import of up to one lakh tonne feed-grade Maize will be allowed on actual user condition.
- There is a shortage of feed-grade maize in the physical markets mainly because of drought and prevailing pest attacks.
- According to Agriwatch website all India Rabi maize production was estimated at 5.67 MMT for the year 2018-19.
Market commentary: Price outlook
- Maize Spot markets are likely to trade steady to range bound at Rs. 2,100 – 2,200 per quintal levels in the immediate / short term.
- Prices would not fall drastically as they are trading above the Minimum Support Price (MSP) due to domestic feed makers demand.
